38-40 9th Ave, Haverhill, MA 01830
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38-40 9th Ave, Haverhill, MA 01830
38-40 9th Ave, Haverhill, MA 01830
38-40 9th Ave, Haverhill, MA 01830
38-40 9th Ave, Haverhill, MA 01830
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Carolyn Reis

Carolyn Reis

Reis Real Estate and Company Inc.

+1(508) 697-8808
$ 1,100,000
Est. payment /mo
Save
Active Under Contract

38-40 9th Ave Haverhill, MA 01830

8 Beds

4 Baths

3,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $282

MLS Listing ID 73559639

Bedrooms 8

Full Baths 4

Year Built 1900

Annual Tax Amount $6,397

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type 4 Family - 4 Units Up/Down

Property Description

Exceptional investment opportunity in this well-maintained four-unit corner lot property offering immediate value-add potential. With below-market rents, 3 tenant-at-will units, and one owner-occupied unit to be delivered vacant at closing, buyers will have the flexibility to owner-occupy or reposition the property to maximize income. Updates include a 7-year-old roof with new plywood, full ice and water shield, and 30-year architectural shingles. All hot water heaters are direct vent, including two approximately 6 months old, a 2-year-old smart heat pump water heater, and a 5-year-old direct-vent unit. The direct-vent gas furnaces have been professionally serviced annually. The entire left side of the property features 3-year-old double-pane replacement windows, while the opposite side also has double-pane windows. Hardwood flooring is found throughout most of the property, with the exception of one first-floor unit. Electrical service includes three 100-amp panels and one 200-amp panel. The property also has 2 separate driveways to make parking much easier. With tenant at will leases, 1 unit vacant at closing, this property offers an outstanding opportunity to build equity and maximize returns. Open house Sat 8/8 from 12-2!

Location

State MA

County Essex

Zoning MF

Direction Main Street to 9th Ave

Interior

Interior Features Living Room, Kitchen, Dining Room, Living RM/Dining RM Combo

Heating Forced Air

Appliance Range, Refrigerator

Exterior

Community Features Public Transportation, Shopping, Highway Access

Total Parking Spaces 7

Garage No

Building

Lot Description Corner Lot

Story 6

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Realty ONE Group Nest
Carolyn Reis

Carolyn Reis

Broker | Owner | License ID: 9063229

+1(508) 697-8808

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38-40 9th Ave